Capital management is one of the most important skill everybody should have
Especially in the current world.
"Cut your coat according to your size " A strategy might work for another doesn't mean it would work for the other.
Capabilities should be understood first before investing in anything( not shitcoin) that can bring value.
Don't invest amount that would cloud your judgement all at once
Go steady
And build a foundation around your capacity.
"Invest what you can afford to lose" is pretty basic when it comes to investments, but sometimes I don’t follow that strictly because I’m very confident in betting my future on Bitcoin. For me, it’s all about long-term investment, adding little by little until I reach my goal. I don’t focus on the price much, so I stay relaxed, even during bullish runs. I’ve learned to control my emotions, and even when the market turns bearish, it doesn’t faze me at all.
That's the basic rule of investment, but somehow lots of people downplaying it since many think that high risk high reward. That mindset is somehow not recommendable since somehow we are tolerating those entities to take advantage with our wants to earn money. That's why aside from having guts to invest on a risky asset we must also be aware about the risk and any possible best decision to take to minimize the risk we might encounter thru the whole process of our investments.
Good thing bitcoin is here and reliable for long term, its just people need to have patience also knowledge so that they would able to know how to deal with this coin and find reliable ways like by using good strategies which is helpful for investor to have smooth ride with their investments.